APi Group Posts Record Q2 with 13.3% Revenue Growth, Raises Full-Year Guidance
APG sits 16% above its 52-week low of $33.4.
Summary
APi Group reported record Q2 2026 results with 13.3% revenue growth and raised full-year guidance. The quarter featured active capital deployment — $500M debt offering, credit facility upsizing, two large acquisitions closed, and a $394M deal announced post-quarter.
Key Events · Earnings and Guidance · APG
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Record Q2 Revenue and Earnings
Net revenues grew 13.3% YoY to $2.25 billion; net income reached $99 million, up from $77 million a year ago. Adjusted EBITDA rose 14.3% to $311 million.
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Full-Year Guidance Raised
Management increased its 2026 outlook for the second time this quarter, citing strong organic growth and contribution from acquisitions.
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Acquisitions Fuel Growth
Closed Onyx-Fire ($522M) and CertaSite ($271M) in Q2; subsequent to quarter-end, acquired WTech Fire Group for $394M cash, expanding European footprint.
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Capital Structure Strengthened
Issued $500M of 5.750% Senior Notes due 2034; amended credit agreement to upsize revolver to $1B and extend term loan maturity to 2033.
Analysis · APG · Trade & Services
APi Group delivered a strong second quarter, with net revenues up 13.3% to $2.25 billion and net income rising to $99 million. The company raised its full-year outlook for the second time this quarter, driven by robust demand across both Safety and Specialty Services segments. The balance sheet was actively managed — a $500 million senior notes offering funded acquisitions, while the revolving credit facility was upsized to $1 billion and maturities extended. The quarter also saw the completion of two sizable acquisitions (Onyx-Fire and CertaSite) and a subsequent $394 million deal for WTech Fire Group, reinforcing the roll-up strategy. Share repurchases of $66 million signal confidence, though the departure of the Chief Accounting Officer is a minor governance note.
At the time of this filing, APG was trading at $38.88 on NYSE in the Trade & Services sector, with a market capitalization of approximately $17B. The 52-week trading range was $33.40 to $49.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.